Solana’s impressive price surge to $173 has sparked excitement among investors, with experts suggesting it could soon reach $200. Positive sentiment and upcoming upgrades are driving this optimism.
Experts Predict Continued Bullish Trend for Solana
Solana’s price has been on a strong upward trajectory, reaching $173 and capturing investors’ attention. Market experts are optimistic about the continuation of this rally, bolstered by growing interest in Solana meme coins like BONK, BOME, and MEW. With predictions of a rise to $200, confidence in Solana’s future remains robust.
Daniel Cheung, co-founder of Syncracy Capital, has expressed strong confidence in Solana’s potential to reclaim $200, highlighting upcoming developments such as the Frankendancer upgrade. Cheung believes these upgrades signal a path to new all-time highs, potentially reaching $200 by the end of the month.
Prominent cryptocurrency trader Wick, known as ZeroHedge on social media, also shares this bullish outlook. He points to Solana’s breakout and positive trend indicators, suggesting an imminent retest of $200 with further potential for upside.
The combined optimism from Cheung and Wick reinforces a positive market outlook for Solana’s price trajectory.
Will the Rally Sustain?
As anticipation builds, driven by positive sentiment and forthcoming developments, Solana remains a key focus in the cryptocurrency market. The recent surge has drawn attention from major players in the digital asset space, who see potential for further gains.
BitMEX co-founder Arthur Hayes recently highlighted Solana’s price rally in a social media post, advocating for accumulating Solana in a blog post from early May.
As of now, Solana’s price has increased by 3.01%, reaching $173.25, with a 24-hour high of $174.16. Despite the rally, trading volume has decreased by 25% to $2.71 billion. However, Solana Futures Open Interest has risen by 4.91% to $2.32 billion, indicating bullish market sentiment according to CoinGlass data.
